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FORWARD INDUSTRIES INC (FORD) Stock Fundamental Analysis

NASDAQ:FORD - Nasdaq - US3498624093 - Common Stock - Currency: USD

5.05  -0.01 (-0.2%)

Fundamental Rating

2

Overall FORD gets a fundamental rating of 2 out of 10. We evaluated FORD against 50 industry peers in the Textiles, Apparel & Luxury Goods industry. FORD scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. FORD has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

FORD had negative earnings in the past year.
FORD had a positive operating cash flow in the past year.
In the past 5 years FORD reported 4 times negative net income.
In multiple years FORD reported negative operating cash flow during the last 5 years.
FORD Yearly Net Income VS EBIT VS OCF VS FCFFORD Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1M -1M -2M -3M

1.2 Ratios

The Return On Assets of FORD (-13.21%) is worse than 79.59% of its industry peers.
FORD has a Return On Equity of -65.74%. This is in the lower half of the industry: FORD underperforms 79.59% of its industry peers.
Industry RankSector Rank
ROA -13.21%
ROE -65.74%
ROIC N/A
ROA(3y)-13.76%
ROA(5y)-9.57%
ROE(3y)-76.86%
ROE(5y)-50.13%
ROIC(3y)N/A
ROIC(5y)N/A
FORD Yearly ROA, ROE, ROICFORD Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50 -100

1.3 Margins

The Gross Margin of FORD (20.56%) is worse than 87.76% of its industry peers.
In the last couple of years the Gross Margin of FORD has grown nicely.
The Profit Margin and Operating Margin are not available for FORD so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 20.56%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.44%
GM growth 5Y3.17%
FORD Yearly Profit, Operating, Gross MarginsFORD Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20

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4

2. Health

2.1 Basic Checks

FORD does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, FORD has more shares outstanding
The number of shares outstanding for FORD has been reduced compared to 5 years ago.
Compared to 1 year ago, FORD has an improved debt to assets ratio.
FORD Yearly Shares OutstandingFORD Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M 10M
FORD Yearly Total Debt VS Total AssetsFORD Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M

2.2 Solvency

Based on the Altman-Z score of 0.10, we must say that FORD is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of FORD (0.10) is worse than 81.63% of its industry peers.
FORD has a debt to FCF ratio of 1.75. This is a very positive value and a sign of high solvency as it would only need 1.75 years to pay back of all of its debts.
FORD has a better Debt to FCF ratio (1.75) than 69.39% of its industry peers.
FORD has a Debt/Equity ratio of 0.20. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of FORD (0.20) is better than 63.27% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF 1.75
Altman-Z 0.1
ROIC/WACCN/A
WACC10.18%
FORD Yearly LT Debt VS Equity VS FCFFORD Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2M -2M 4M 6M 8M 10M

2.3 Liquidity

FORD has a Current Ratio of 1.03. This is a normal value and indicates that FORD is financially healthy and should not expect problems in meeting its short term obligations.
FORD has a worse Current ratio (1.03) than 93.88% of its industry peers.
FORD has a Quick Ratio of 1.03. This is a bad value and indicates that FORD is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of FORD (0.98) is worse than 65.31% of its industry peers.
Industry RankSector Rank
Current Ratio 1.03
Quick Ratio 0.98
FORD Yearly Current Assets VS Current LiabilitesFORD Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M

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0

3. Growth

3.1 Past

FORD shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 10.83%, which is quite good.
Looking at the last year, FORD shows a very negative growth in Revenue. The Revenue has decreased by -17.71% in the last year.
Measured over the past years, FORD shows a decrease in Revenue. The Revenue has been decreasing by -4.19% on average per year.
EPS 1Y (TTM)10.83%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%68.91%
Revenue 1Y (TTM)-17.71%
Revenue growth 3Y-8.19%
Revenue growth 5Y-4.19%
Sales Q2Q%43.84%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
FORD Yearly Revenue VS EstimatesFORD Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
FORD Yearly EPS VS EstimatesFORD Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 -0.2 -0.4 -0.6

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1

4. Valuation

4.1 Price/Earnings Ratio

FORD reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
FORD Price Earnings VS Forward Price EarningsFORD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0 0 0 0 0 0 0

4.2 Price Multiples

FORD's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 16.24
EV/EBITDA N/A
FORD Per share dataFORD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20 25

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

FORD does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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FORWARD INDUSTRIES INC

NASDAQ:FORD (2/21/2025, 8:20:17 PM)

5.05

-0.01 (-0.2%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryTextiles, Apparel & Luxury Goods
Earnings (Last)08-14 2024-08-14/bmo
Earnings (Next)N/A N/A
Inst Owners9.98%
Inst Owner Change-85.01%
Ins Owners17.94%
Ins Owner Change0%
Market Cap5.55M
Analysts0
Price TargetN/A
Short Float %1.85%
Short Ratio0.76
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.18
P/FCF 16.24
P/OCF 13.64
P/B 1.87
P/tB 7.63
EV/EBITDA N/A
EPS(TTM)-1.84
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)0.31
FCFY6.16%
OCF(TTM)0.37
OCFY7.33%
SpS27.45
BVpS2.7
TBVpS0.66
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -13.21%
ROE -65.74%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 20.56%
FCFM 1.13%
ROA(3y)-13.76%
ROA(5y)-9.57%
ROE(3y)-76.86%
ROE(5y)-50.13%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.44%
GM growth 5Y3.17%
F-Score4
Asset Turnover2.04
Health
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF 1.75
Debt/EBITDA N/A
Cap/Depr 19.58%
Cap/Sales 0.22%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.03
Quick Ratio 0.98
Altman-Z 0.1
F-Score4
WACC10.18%
ROIC/WACCN/A
Cap/Depr(3y)39.16%
Cap/Depr(5y)32.93%
Cap/Sales(3y)0.33%
Cap/Sales(5y)0.27%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)10.83%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%68.91%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-17.71%
Revenue growth 3Y-8.19%
Revenue growth 5Y-4.19%
Sales Q2Q%43.84%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-1165.22%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-62.21%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-60.89%
OCF growth 3YN/A
OCF growth 5YN/A